Skip to main content
Sign up

© Industry Queensland. All rights reserved.

Designed by: Getmilk

Tag: Consolidated Tin Mines

Consolidated Tin lines up loan for Auctus acquisition

Written by dev on . Posted in All News.

Consolidated Tin Mines has lined up a $30 million loan to help fund the acquisition and restart of Auctus-owned operations in the Chillagoe region, west of Cairns.

The company in 2020 finalised negotiations with the administrator of the Auctus businesses to acquire 100 per cent of the shares in Auctus via a Deed of Company arrangement for $26.5 million.

The acquisition includes the Mungana processing plant, the Mungana mine and the King Vol polymetallic mine.

In an announcement to. . .

You are unauthorized to view this page.

New deal on the table for Auctus mining assets

Written by dev on . Posted in All News, Copper, Gold.

Consolidated Tin Mines plans to take over Auctus-owned operations in the Chillagoe region, west of Cairns, under a new $26.5 million deal with administrators.

The acquisition includes the Mungana processing plant, the inactive Mungana mine and the King Vol polymetallic mine, which produces about 360,000 tonnes of ore per annum .

Consolidated Tin Mines (CSD) says combining the Auctus assets with its existing operations in the region will deliver a well-diversfiied, high-grade, long-life polymetallic business.

Gold potential a high priority

Managing director Ralph De Lacey highlighted the gold producing potential in the package. . .

You are unauthorized to view this page.

Consolidated Tin stands down workforce

Written by dev on . Posted in All News, Copper, Gold, Processing / Manufacturing.

Consolidated Tin Mines has placed its Mount Garnet and Surveyor operations in care and maintenance, citing public health concerns surrounding the COVID-19 pandemic.

The company said all employees other than those required during the care and maintenance period had been advised they would be stood down without pay as at the close of business on Tuesday.

"CSD is in the process of developing and implementing a plan to ensure the health of the company's employees and normal operations will resume," managing director Ralph De Lacey said.

"The timeline to the. . .

You are unauthorized to view this page.

Consolidated Tin Mines back on the bourse

Written by dev on . Posted in All News.

Trading in Consolidated Tin Mines shares has recommenced after the Far North Queensland miner was relisted by the ASX.

CSD managing director Ralph De Lacey described the reinstatement to official quotation as a great achievement for the company and for its directors.

“This is a major part of the company’s long-term plan to develop the company’s significant asset holding and to have these assets recognised and transparently valued by the market,” he said.

“In parallel to the re-listing process, the company’s operations have been developing two projects, the new Mount Garnet Deeps underground mine project. . .

You are unauthorized to view this page.

Subscribe to our news bulletin today and stay ahead with the latest news.